GBP review

May 13, 2015 16:28 pm UTC| Commentary

The Pound gave back some of the gains from the last few days after Bank of England cut its forecast for British economic growth for 2015 to 2.4 percent from 2.9 percent. BOE also expects inflation to move to its target...

Bank of England suggests MPC still in no hurry to raise rates

May 13, 2015 12:36 pm UTC| Commentary

Bank of England Inflation Report for May supports financial markets view that the Monetary Policy Committee (MPC) is in no rush to raise interest rates. However, the analyst does not think that the Committees increased...

Italy returns to growth, Greece back into recession

May 13, 2015 12:34 pm UTC| Commentary

Economic growth in the eurozone accelerated in Q1 2015 by 0.4% qoq and 1.0% yoy compared to 0.3% qoq and 0.9% qoq in Q4 2014. Momentum was carried by France for a change where GDP rose by a faster-than-expected 0.6% qoq...

Euro-zone outperformance will be short-lived

May 13, 2015 12:27 pm UTC| Commentary

Euro-zones GDP figures in Q1 confirmed that the currency union outgrew both the US and UK in the first quarter. But with signs that the Greek crisis is starting to constrain the recovery, the euro-zones outperformance is...

Euro area growth all right but will probably not accelerate

May 13, 2015 12:24 pm UTC| Commentary

The Euro area economy grew 0.4 % during the first quarter of 2015 in line with our expectations. Even if the headline was as expected many countries provided us with surprises. Finland and Greece are still contracting,...

Czech Republic's March data point to robust GDP growth

May 13, 2015 12:23 pm UTC| Commentary

March data for the Czech Republic have rounded off a very strong first quarter. Retail sales (excluding cars) improved by a handsome 2.5% qoq in Q1 15, an even better result than Q4 14s +2.1%.There were also positive...

France posts strong GDP growth, weak employment

May 13, 2015 09:54 am UTC| Commentary

Frances GDP grew by 0.6% q/q in Q1, a better-than-expected outcome (consensus: 0.4% q/q). This is the largest quarterly increase in GDP since Q2 13 and the second-largest in four years. The carryover for 2015 annual growth...